Jafdx Correlations

JAFDX Fund

USD 141.28 0.88 0.62%

The current 90-days correlation between Jafdx and Siit Global Managed is 0.26 (i.e., Modest diversification). The correlation of Jafdx is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Jafdx Correlation With Market

Average diversification

The correlation between Jafdx and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jafdx and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jafdx. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Jafdx Mutual Fund

0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.83	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VTIAX	Vanguard Total Inter	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.86	VFFSX	Vanguard 500 Index	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.72	MRK	Merck Company	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.74	AXP	American Express	Pair Corr

Moving against Jafdx Mutual Fund

0.6	MSFT	Microsoft	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.35	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	SGMAX	DBIWX	CABIX	CBSYX	TINCX	MSTGX	RGHYX	USLUX
SGMAX		0.59	0.83	0.83	0.76	0.75	0.75	0.96	SGMAX
DBIWX	0.59		0.76	0.76	0.8	0.82	0.75	0.64	DBIWX
CABIX	0.83	0.76		1.0	0.88	0.86	0.81	0.87	CABIX
CBSYX	0.83	0.76	1.0		0.88	0.86	0.81	0.87	CBSYX
TINCX	0.76	0.8	0.88	0.88		0.93	0.9	0.78	TINCX
MSTGX	0.75	0.82	0.86	0.86	0.93		0.89	0.82	MSTGX
RGHYX	0.75	0.75	0.81	0.81	0.9	0.89		0.8	RGHYX
USLUX	0.96	0.64	0.87	0.87	0.78	0.82	0.8		USLUX
	SGMAX	DBIWX	CABIX	CBSYX	TINCX	MSTGX	RGHYX	USLUX

Risk-Adjusted Indicators

There is a big difference between Jafdx Mutual Fund performing well and Jafdx Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Jafdx's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SGMAX	0.61	0.18	0.22	0.39	0.29	(0.82)	0.81	(0.70)	16.10
DBIWX	0.30	0.01	(0.05)	0.08	0.27	(0.36)	0.71	(0.62)	1.61
CABIX	0.43	0.05	0.06	0.12	0.36	(0.48)	0.93	(0.79)	5.40
CBSYX	0.42	0.05	0.06	0.12	0.36	(0.46)	0.86	(0.74)	5.44
TINCX	0.39	0.04	0.03	0.13	0.38	(0.49)	0.72	(0.72)	2.15
MSTGX	0.23	0.00	(0.11)	0.04	0.21	(0.29)	0.41	(0.50)	1.31
RGHYX	0.12	0.01	(0.16)	0.10	0.07	(0.16)	0.20	(0.30)	1.11
USLUX	0.95	0.14	0.13	0.17	0.92	(1.18)	1.65	(2.09)	10.33

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